Bureaux de Change: Consumers

(asked on 28th June 2018) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether his Department is planning to update his Department's guidance, BIS guidance for foreign exchange providers: compliance with consumer protection legislation, published on 20 September 2012.


Answered by
Andrew Griffiths Portrait
Andrew Griffiths
This question was answered on 5th July 2018

The Department has no current plans to amend the guidance. Proposals to amend the Cross Border Payments Regulation are currently going through the European Legislative process and HMG is working with other Member States on these proposals. These contain provisions relating to transparency of currency conversion in certain instances. The Department will consider in due course whether an update to the guidance is necessary.

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